Nisha Awasthi has been appointed as a managing director to manage KKR & Co.'s new office in Gurugram, India.
Awasthi most recently served as head of financial markets advisory at BlackRock India, which is also based in Gurugram, said an Oct. 4 release. BlackRock declined to comment.
The appointment coincides with the opening of KKR's second office in the country. Gurugram is located just southwest of New Delhi in the northern part of the country. KKR's other India office is in Mumbai, which opened in 2009.
By early 2024, the Gurugram office will have about 150 employees, including specialists in finance, operations, human capital and technology, the release noted.
The opening of the Gurugram office "marks the beginning of a sizable investment in talent in India, as the new location is an important part of how we scale our global operations and service our clients," said Ryan Stork, chief operating officer of KKR.
KKR reported assets under management of $519 billion as of June 30.
According to KKR's website, the firm also has two offices in China (Beijing and Shanghai), one in South Korea (Seoul), and one each in Hong Kong, Tokyo, Singapore, Dubai, Riyadh and Sydney.
KKR could not be immediately reached for further details.
